OPINION

Online shopping: why its unstoppable growth may be coming to an end

Many people probably assume that online stores are making a fortune, without all the costly bricks and mortar. But the reality is rather different.Many ecommerce activities are, in fact, unprofitable;...

By Ralf Seifert & Richard Markoff | Published: 14 June 2019

BUSINESS NEWS

Mthuli Ncube says 'TSP reforms led to growth'

Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...

By Staff reporter | Published: 03 May 2019

ZIMBABWE

Capital markets poised for growth in 2019

SecZim says it is optimistic that the capital markets will perform exceptionally well this year, despite economic headwinds. Zimbabwe is facing its economic crisis in a decade as shown by increasing f...

By Fin Gaz | Published: 07 February 2019

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

By Staff reporter | Published: 04 February 2019

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018

TRANSPORT & TOURISM

Bulawayo gears for tourism growth

PLAYERS in Bulawayo's tourism industry in collaboration with the Zimbabwe Tourism Authority (ZTA) have embarked on an aggressive awareness programme to market tourism products in the city.The initiati...

By Staff reporter | Published: 27 July 2018

ECONOMC INDICATORS

'Zim GDP growth to go up by 15% next year'

Zimbabwe's economy will register a significant Gross Domestic Product (GDP) growth of 6,5% this year, before shooting to 15% next year, should next week's elections be credible, with a clear winner, a...

By Staff reporter | Published: 27 July 2018

CONSTRUCTION & PROPERTY

Construction industry growth prospects dim

Zimbabwe's construction industry will only grow by an average of 5% in the next five years due to economic challenges facing the country, BMI Research, a Fitch Group company, has revealed.Speaking at ...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

SEP privatisation to spur market growth

Government's move to privatise and restructure Zimbabwe's state enterprises and parastatals (SEPs) will have a significant impact on the growth of the local capital markets, according to analysts at A...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

'Zimbabwe economy on growth trajectory'

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said the economy is on a positive growth trajectory as evidenced by increased capacity utilisation and surging demand for fuel. Dr Ma...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Midlands dominates new tourism investment growth

THE Midlands province has been identified as a growing hotspot for hospitality industries, surpassing other provinces as evidenced by emerging players mainly in Gweru, Kwekwe and Zvishavane.This emerg...

By Staff reporter | Published: 02 July 2018

OPINION

Real estate's contribution to economic growth

Zimbabwe real estate business activities primarily deal with the ownership and transfer of physical properties. Almost all the real estate companies in Zimbabwe provide some common real estate service...

By Staff reporter | Published: 26 June 2018

FINANCIAL SERVICES

Zimre conversion to boost revenue growth

Zimre Holdings Limited (ZHL) says conversion of proceeds from sale of Zimre Centre in Harare towards construction of the Victoria Falls Sawanga Mall, will enhance revenue growth for the firm in the fi...

By Staff reporter | Published: 26 June 2018

TRANSPORT & TOURISM

RTG posts 16% revenue growth

RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...

By Staff reporter | Published: 19 June 2018

BUSINESS NEWS

World Bank revises Zim's growth rate upwards

World bank has revised Zimbabwe's gross domestic product (GDP) growth rate upwards for the second time this year. Zimbabwe GDP is now expected to grow by 2.7% from a projection of 1.8% in January. How...

By Ngoni Shenjere | Published: 06 June 2018

BUSINESS NEWS

Zimra accused of stifling export growth

Delays at border posts have seen Bulawayo companies accusing the Zimbabwe Revenue Authority (Zimra) of being an impediment to exports growth, as they say this has seen them losing business worth milli...

By Staff reporter | Published: 04 June 2018

POLITICS

Mnangagwa forecasts 7% economic growth

President Mnangagwa is optimistic the economy will grow by at least seven percent annually in the next five years on the strength of Government's economic reforms and other interventions. Addressing ...

By Staff reporter | Published: 04 June 2018

BUSINESS NEWS

Zimbabwe sees economic growth of 4,5% in 2018

Zimbabwe's economy could grow by up to 4,5 percent this year, driven by an expected growth in agriculture and mining, Parliament's Budget Office has said.President Emmerson Mnangagwa, who came to powe...

By Staff reporter | Published: 28 May 2018

INDUSTRIALS & ENERGY

Dairibord revenue growth up 17%

DAIRIBORD Holdings Limited has appointed Mr Josphat Sachikonye as new board chairman replacing Dr Leonard Tsumba who retired five days ago after serving the company for the past six years.In a stateme...

By Staff reporter | Published: 21 May 2018

INDUSTRIALS & ENERGY

Proton records 400% sales growth in Bulawayo

PROTON Bakers says it has recorded 400 percent growth in sales in Bulawayo alone where it has created 153 jobs, a year after entering the market in the southern region.The Marondera-headquartered firm...

By Staff reporter | Published: 15 May 2018

POLITICS

Chamisa to upgrade Murambinda Growth Point into a city

MDC-T faction leader Mr Nelson Chamisa continued his cloud cuckoo land posturing over the weekend when he promised people in Buhera that he would upgrade Murambinda Growth Point into a city as big as ...

By Tendai Mugabe | Published: 15 May 2018

INDUSTRIALS & ENERGY

Delta Beverages reports revenue growth

Delta Beverages' revenue grew 18 percent to US$572 million for the year ended March 31, 2018, compared to US$482 million in the prior year.This is the Group's first revenue growth in five years as it ...

By Staff reporter | Published: 13 May 2018

BUSINESS NEWS

'Zimbabwe economy poised for fast growth'

Zimbabwe is poised to be among the fastest growing economies in Africa in the next 10 years if the people remain united, visiting Chinese vice chairman of China-Africa Business Council, Mr HuaRong Zha...

By Staff reporter | Published: 02 May 2018

ECONOMC INDICATORS

IMF reviews Zimbabwe's economic growth rate

The International Monetary Fund has reviewed Zimbabwe's economic growth rate for this year and sees growth picking up next year as the country moves away from the difficult period it has been going th...

By Staff reporter | Published: 23 April 2018

BUSINESS NEWS

Zimbabwe firms position themselves for growth

ZIMBABWE'S trade deficit widened to $317,2 million last month from $227,6 million in February in what economic analysts attribute to more demand for critical raw materials as businesses position thems...

By Staff reporter | Published: 23 April 2018
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